Earning Services Sample Clauses

Earning Services. Earning Services allow you to earn a pre-determined and daily rolling fee ("Loan Fees") by lending your available digital assets held by the Custodian in the Wallet Account to borrowers (each an "Earning Borrower") under the Facility Agreement. In order to enable the Earning Services, you must enter into one or more Facility Agreements (if applicable) with relevant borrowers which set forth the terms for loans of your available digital assets held with the Custodian ("Loans"). Each available Facility Agreement for your acceptance will be presented through the Earning Services interface on our Platform. You are ultimately responsible for your adherence to the terms of a Facility Agreement, and you should review the terms of the Facility Agreement carefully before you make any Loans. Certain terms of the Loans, such as the Loan’s term and Loan Fees, may be determined at the time a Loan is made and subject to changes from time to time. You may be required to acknowledge certain terms (even if not included in the Facility Agreement) electronically before we may disburse or give instructions to disburse your available digital assets to a borrower. We may modify or suspend certain Earning Service or change Earning Borrower at any time at our own discretion or follow the instruction given by the Earning Borrower or their agent upon notice. By entering into both the Facility Agreement and the Custody Agreement, you appoint and authorize the Custodian as your agent (the "Lending Agent") to transfer on your behalf digital assets (which are supported by the Earning Services) which you own and designate as available for lending, pursuant to the instruction or in any form that deemed as an instruction that you provide to BGT and/or the Custodian, to Earning Borrowers in accordance with the terms of the Facility Agreement and the Custody Agreement. The Lending Agent shall have the authority to do or cause to be done all acts it shall determine to be desirable, necessary, or appropriate to implement and administer your authorization to lend designated digital assets through the Earning Services. You acknowledge and agree that the Lending Agent is acting as a fully disclosed agent and not as principal in connection with the lending of your designated digital assets through the Earning Services. BG Group shall not be responsible for any statements, representations, warranties, or covenants made by any Earning Borrower in connection with any Loan or for any Earning Borrower...